JPMorgan Chase & Co. Cuts Post (NYSE:POST) Price Target to $116.00

Post (NYSE:POST) had its price target reduced by JPMorgan Chase & Co. from $119.00 to $116.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

POST has been the subject of several other research reports. Wells Fargo & Company dropped their price objective on shares of Post from $110.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Barclays reduced their target price on shares of Post from $127.00 to $119.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Wall Street Zen cut shares of Post from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded Post from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Finally, BTIG Research began coverage on Post in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

Post Trading Up 3.0%

POST stock opened at $91.03 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.85 and a debt-to-equity ratio of 2.38. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 15.33 and a beta of 0.39. The business has a fifty day simple moving average of $91.30 and a 200-day simple moving average of $98.26. Post has a 52 week low of $83.89 and a 52 week high of $117.28.

Post (NYSE:POST) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.21. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.08 billion. Post had a return on equity of 13.36% and a net margin of 4.01%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 earnings per share. On average, equities research analysts expect that Post will post 7.57 EPS for the current year.

Insider Transactions at Post

In other Post news, Director Gregory L. Curl sold 6,186 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $105.05, for a total value of $649,839.30. Following the completion of the sale, the director owned 15,107 shares of the company’s stock, valued at $1,586,990.35. This trade represents a 29.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Post by 74.2% during the 1st quarter. Royal Bank of Canada now owns 57,535 shares of the company’s stock worth $6,694,000 after buying an additional 24,514 shares during the period. Empowered Funds LLC lifted its holdings in Post by 12.3% in the 1st quarter. Empowered Funds LLC now owns 4,436 shares of the company’s stock worth $516,000 after buying an additional 487 shares in the last quarter. Focus Partners Wealth boosted its position in Post by 11.1% in the 1st quarter. Focus Partners Wealth now owns 3,287 shares of the company’s stock valued at $382,000 after buying an additional 328 shares during the last quarter. Intech Investment Management LLC boosted its position in Post by 181.1% in the 1st quarter. Intech Investment Management LLC now owns 11,771 shares of the company’s stock valued at $1,370,000 after buying an additional 7,583 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Post by 3.9% during the second quarter. Russell Investments Group Ltd. now owns 13,289 shares of the company’s stock valued at $1,449,000 after acquiring an additional 494 shares in the last quarter. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Key Post News

Here are the key news stories impacting Post this week:

• Positive Sentiment: JPMorgan issued a pessimistic price forecast for POST, which appears to have kept the stock on investors’ radar and may be contributing to volatility as traders reassess valuation expectations. JPMorgan Chase & Co. Issues Pessimistic Forecast for Post (NYSE:POST) Stock Price
• Positive Sentiment: A Zacks article highlighted Post’s efforts to rebuild its pet food portfolio, including pricing changes and the Nutrish relaunch, which could support future volume recovery and category improvement. How Is Post Holdings Rebuilding Its Pet Food Portfolio for Growth?
• Neutral Sentiment: Recent quote/history pages suggest POST remains near its 50-day moving average, with investors still weighing the company’s earnings power against a higher debt load and a stock that has traded below its 200-day trend. Post Holdings, Inc. (POST) Stock Price, News, Quote & History – Yahoo Finance

Post Company Profile

Post Holdings, Inc is a consumer packaged goods company that operates as a holding company for a diverse portfolio of food and beverage brands. The company’s principal activities include the production, marketing and distribution of ready-to-eat cereal, refrigerated and frozen foods, and nutritional beverages. Through its operating segments—Post Consumer Brands, Foodservice, Refrigerated Side Dishes & Bakery, and Active Nutrition—Post Holdings delivers a broad array of products to retail grocers, convenience stores, foodservice operators and e-commerce channels.

The Post Consumer Brands segment features a variety of hot and cold cereals under names such as Honey Bunches of Oats, Shredded Wheat and Pebbles.